Despite Australian workers facing massive income declines, Labor continues to lobby hard for the superannuation guarantee (SG) to be lifted to 12%: Senior Labor figures said compulsory super, which originated under the Hawke government’s accord process in the 1980s, should be protected as the Morrison government forged a new compact with unions and business to
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Via The Australian: Seeking a “first-mover” advantage in the competitive global education business, Australia’s 39 major universities have put a plan to the government to restart the entry of international students under strict health guidelines. The proposal by Universities Australia, sent to the federal government on Thursday for consideration by the national cabinet, will require
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DXY was weak Friday night: The Australian dollar is right at the breakout line versus USD: EMs were soft: Gold jumped: Oil jumped: Dirt meh: Miners were strong: EM stocks tried: Junk succeeded: Bonds were bid: And stocks: El Trumpo chose not to confront China over Hong Kong with a range of meek measures that will
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CoreLogic’s dwelling value results for May are out at the 5-city level, with values falling 0.48% over the month led by a heavy 0.91% decline across Melbourne: It was the first monthly decline since June 2019: Over the May quarter, dwelling values rose by 0.4% across the major capitals, with growth slowing fast: Falls across
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Via China’s NBS: In May , China Manufacturing Purchasing Managers Index ( PMI ) was 50.6% , a decrease of 0.2 percentage points from the previous month . In terms of enterprise size, the PMI of large enterprises is 51.6% , an increase of 0.5 percentage points from the previous month ; the PMI of
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CoreLogic’s preliminary auction report posted solid fall in the preliminary clearance rate (from 70.9% to 65.9%) off volumes that are still around half of last year’s level: Once final results are received later this week, we are likely to see clearance rates fall to around 60%. Domain’s preliminary auction results were a bit softer; albeit
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Global Macro / Markets / Investing: Why Are Stocks Soaring in the Middle of a Pandemic? – Foreign Policy Protectionism Spreads Globally With the New Coronavirus – WSJ Economists must collaborate courageously with biomedical science, epidemiology, public health to help find solutions to the COVID pandemic – Nature Car dealerships are reopening but the pivot
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I admit I was pleasantly surprised that my stories of growing up on Kangaroo Island were so well-received. Inspired I am, dear reader, to offer two more. Running with cows A young boy can find plenty to do on a farm of 1500 acres, but nonetheless I jumped at the chance to go with Mum…
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Photon Energy notches up financial close on two NSW solar farms, the Leeton and Fivebough projects, that will install a combined 14MW in the state’s Riverina region.
CoreLogic’s dwelling value results for May are out at the 5-city level, with values falling 0.48% over the month led by a heavy 0.91% decline across Melbourne: It was the first monthly decline since June 2019: Over the May quarter, dwelling values rose by 0.4% across the major capitals, with growth slowing fast: Falls across
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At the end of every second month, this site offers a humble reminder to its valued readers of its reliance on their patronage for its survival and prosperity. Donations are gratefully received at all times, though perhaps especially during the lean periods between elections (like this one), to say nothing of pandemics. They can be … Continue reading "Donation drive"
To people of my vintage it seems like yesterday that these events in the history of Australia’s democracy took place. Those of us who lived through it see it through reflective battle-weary feelings. An unelected representative of the Queen, the Governor General John Kerr, had dismissed a democratically elected government. How was he able to…
Albert Tucker, ‘Image of modern evil’, 1945, National Gallery of Victoria Macro & Markets China debt: bond problems could still resurface in 2020 after defaults amid coronavirus lower than expected – SCMP The Great Depression, coronavirus style – AsiaTimes Donald Trump says the US is ‘terminating’ its relationship with the World Health
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Irrelevance is the enemy of political leaders, and to avoid sinking to the bottom of the field, they need to keep moving, adapt and make continuous announcements, even when there’s not too much to announce.
During a crisis, it’s absolutely essential for a prime minister to be seen to be ‘doing things’, while keeping an eye on their long-cherished agendas and engaging in political gamesmanship.